Transfer pricing adjustments may be made in accordance with Circulars 3 and 16 “Internal Working Procedure (Trial) of Special Taxation Adjustment” and “Joint Assessment Procedure (Trial) for Key Cases of Special Taxation Adjustment”. Accordance with SAT Gong Gao (2014) No 54 of 29 August 2014, the taxpayer is sent a Notice of Tax Affairs and must send in contemporaneous transfer pricing documentation and other related material within 20 days of the issue date of the letter if the tax authority considers there is a risk of tax adjustments. The taxpayer may make adjustments and pay tax on its own initiative or request the tax authority to determine the transfer pricing methods and make the tax adjustments.
«
Chile-Hong Kong: FTA enters into force
Related Posts

US imposes 104% tariffs on Chinese imports, China retaliates with 84%
US President Donald Trump's "reciprocal" tariffs on numerous countries, including a steep 104% duties on Chinese goods, officially took effect today, 9 April 2025. In response, China is raising its tariff on the United States to 84%, up from 34%,
Read More
China responds with additional tariffs on imports from US
China's Ministry of Finance announced the implementation of additional tariffs as a direct response to the reciprocal tariffs previously imposed by the Trump Administration on 4 April 2025. “This practice of the US is not in line with
Read More
China, Italy new tax treaty enters into force
The new income tax agreement between China and Italy was enacted on 19 February 2025. Signed on 23 March 2019, it replaces the 1986 treaty between China and Italy. The agreement aims to eliminate double taxation on income and prevent tax
Read More
Belarus ratifies trade and investment agreement with China
Belarus' House of Representatives approved the ratification of a trade and investment agreement with China on 10 January 2025, following its submission by the Council of Ministers in December 2024. Originally signed in Minsk on 22 August 2024, the
Read More
China retaliates with new tariffs, export restrictions, import ban on select US products
China's Ministry of Finance has released Tax Commission Announcement No. 2 of 2025 on 4 March detailing the implementation of additional tariffs on select US products. The additional measures include a 15% tariff on US imports of chicken, wheat,
Read More
US raises tariffs on Chinese goods
US President Donald Trump signed an Executive Order on 3 March 2025, increasing tariffs on Chinese products from 10% to 20%. The order amends previous actions targeting the synthetic opioid supply chain and cites China's insufficient efforts to curb
Read More